85.37 +2.45 (+2.87%) Sell

PKI investors elated by performance

13 min read

PERKINELMER INC was among the best performers on Tuesday. It returned +2.87% to close at 85.37. It is currently trading +20% above it's 52 week low of 70.83 and is down only -12% from it's 52 week high.

[Themes containing PKI]

PKI is currently in a down trend. The previous short signal in PKI has not been profitable for investors in general. If you are short on PKI at current levels please make sure that your allocation is limited and that your portfolio is well diversified.


PKI has been outperforming the SP500 index in recent time. Over the last 2 years 11 months and 7 days, PKI outperformed the SP500 index on 53% days.

During the last three months PKI was mostly loss making and delivered on average -0.15% per day. It's best return during this period (of +4.3%) was on Tuesday, 16 Oct, 2018. While it's worst loss in the same period (of -5.41%) was on Thursday, 1 Nov, 2018. There was initially a bearish trend during this period which started on 18 Oct, 2018 and went on till 24 Oct, 2018. The trend delivered -9.31% losses to investors. This was followed by a bullish trend that started on 20 Nov, 2018 and ended on 3 Dec, 2018. This bullish trend delivered +12.54% to investors.

On monthly basis, PKI delivered profits and losses in equal number of months. PKI delivered profits less regularly than SP500 index. PKI significantly outperformed SP500 index in Aug 2018, when it returned +16.73% compared to +4.75% returned by SP500 index during it's best month in the last one year - Jan 2018. PKI had a shorter streak of profitable months than SP500 index. It only went up in 3 straight months during the last year. It is interesting to note that both PKI and SP500 index significantly outperform during months when quarterly/annual results are announced.

Buy at the point of maximum pessimism; sell at the point of maximum optimism.
-- Sir John Templeton

PKI is becoming less volatile overall. In comparison, the SP500 index is seeing a rise in volatility. During the last three months, there was a significant surge in PKI's volatility from 28 Sep, 2018 to 29 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 14 Sep, 2018 to 29 Oct, 2018.

Advanced/professional short-term investors should note that PKI has significant positive skewness in it's return distribution. This indicates that investors can expect PKI to recover from drawdowns quickly. Which makes PKI a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

SP500 index has more chance of extreme outcomes than PKI. Therefore, SP500 must receive a lower allocation than PKI in your portfolio. SP500 index usually has shorter drawdown period than PKI.

Based on your interest in PKI you may find it interesting to know that ADM, FCCY and CIM have all performed similar to PKI and qualify as alternative investment candidates that must be evaluated for diversification.

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